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    Question

    What is the new maximum penalty that IRDAI can impose on

    intermediaries?
    A ₹1 crore Correct Answer Incorrect Answer
    B ₹2 crore Correct Answer Incorrect Answer
    C ₹5 crore Correct Answer Incorrect Answer
    D ₹7 crore Correct Answer Incorrect Answer
    E ₹10 crore Correct Answer Incorrect Answer

    Solution

    The amendment raises the maximum penalty that IRDAI can impose on intermediaries from ₹1 crore to ₹10 crore, strengthening regulatory enforcement.

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